IRDM Stock Summary and Trading Ideas (Iridium Comms | NASDAQ:IRDM)

Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world. The Company operates in one business segment, providing global satellite communications services and products.

Iridium Comms trades on the NASDAQ stock market under the symbol IRDM.

As of February 7, 2025, IRDM stock price declined to $28.44 with 320,697 million shares trading.

IRDM has a beta of 0.26, meaning it tends to be less sensitive to market movements. IRDM has a correlation of 0.01 to the broad based SPY ETF.

IRDM has a market cap of $3.24 billion. This is considered a Mid Cap stock.

Last quarter Iridium Comms reported $213 million in Revenue and $.21 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.01.

In the last 3 years, IRDM traded as high as $68.34 and as low as $24.14.

The top ETF exchange traded funds that IRDM belongs to (by Net Assets): IJH, VTI, VB, VXF, AVUV.

IRDM has underperformed the market in the last year with a price return of -15.7% while the SPY ETF gained +23.2%. IRDM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.7% and -3.3%, respectively, while the SPY returned +2.1% and -1.4%, respectively.

IRDM support price is $27.80 and resistance is $29.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IRDM shares will trade within this expected range on the day.